Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. Mines and gold mining operations have become increasingly geographically diverse, far removed from the concentrated supply of four decades or so ago when the vast majority of the world’s gold came from South Africa.
China was the largest gold producer in the world in 2016, accounting for around 14% of total annual production. But no one region dominates. Asia as a whole produces 23% of all newly-mined gold. Central and South America produce around 17% of the total, with North America supplying around 16%. Around 19% of production comes from Africa and 14% from the CIS region.
Overall levels of mine production have grown significantly over the last decade, although substantial new discoveries are increasingly rare and production levels are increasingly constrained.
People in hard hats working underground is what often comes to mind when thinking about how gold is mined. Yet mining the ore is just one stage in a long and complex gold mining process. Long before any gold can be extracted, significant exploration and development needs to take place, both to determine, as accurately as possible, the size of the deposit as well as how to extract and process the ore efficiently, safely and responsibly. On average, it takes between 10-20 years before a gold mine is even ready to produce material that can be refined.
With our investment in mines in Obuasi, Ghana west Africa, Cadia East, New South Wales, Australia, Olympiada Central Siberia, Russia, Muruntau Kyzyl Kum Desert, Uzbekistan and Papua, Indonesia we can assure you of an investment return of 20% minimum profit weekly with almost zero possibility of losing funds as the price of gold as been on the increase on the overall scale.